Importing into the Dominican Republic can be a bit of a puzzle. Mix-ups in costing are pretty common since goods need to be declared at market value, not the usual cost value. That’s where having an Importer of Record (IOR) comes in handy, especially for dual-use imports.
Dealing with compliance in the Dominican Republic is like navigating a tech labyrinth. Getting the right permits can be a real challenge. But don’t stress – TecEx’s compliance team makes sure your gear comes with all the right paperwork, no matter how tricky the process.
Like in many developing countries, keeping an eye out for shady business is crucial. So, think carefully about your choice of carrier and make sure you’ve got the right liability coverage.
Good news on the trade front: the Dominican Congress gave the green light to the United States-Dominican Republic-Central America Free Trade Agreement (CAFTA-DR). This deal helps kick trade barriers to the curb among party members which include the United States, Costa Rica, El Salvador, Guatemala, Honduras, and Nicaragua. But don’t forget, you’ll still need a local entity to be your IOR and get your goods through customs hassle-free.